COMPOUND INTEREST MCQ SET 5
1. Akhilesh invested a certain sum which amounted to Rs.82000 in 2 years at 6% per annum compound interest , compounded annually . what was the sum invested (in Rs) by Akhilesh?(round off to the nearest integer)
(a) 73,980
(b) 72,680
(c) 72,980
(d) 70,980
Answer: C
2. Find the compound interest at the rate of 7% p.a. compounded annually for two years on the principal that yields a simple interest of Rs.9450 for 3 years at 7% p.a.?
(a) Rs.12,345.20
(b) Rs.6,520.50
(c) Rs.10,127
(d) Rs.12,678.40
Answer: B
3. What will be the compound interest on a sum of Rs.1200 for 2 years at the rate of 20% per annum when the interest is compounded yearly?
(a) Rs.624
(b) Rs.504
(c) Rs.576
(d) Rs.528
Answer: D
4. The compound interest on a certain sum of money at 11% for 2 years is Rs.6963 . Its simple interest (in Rs.) at the same rate and for the same period is :
(a) Rs.6500
(b) Rs.6600
(c) Rs.6750
(d) Rs.6000
Answer: B
5. The compound interest on a certain sum of money at 21% for 2 years is Rs.9282 . Its simple interest (in Rs.) at the same rate and for the same period is:
(a) Rs.8750
(b) Rs.8400
(c) Rs.8000
(d) Rs.8500
Answer: B
6. What is the difference between the compound on Rs.6,400 for 1 year at 5% per annum compounded yearly and half yearly ?
(a) Rs.8
(b) Rs.9
(c) Rs.4
(d) Rs.7
Answer: C
7. What is the present value of the sum if the interest compounded at the rate of 18% per annum for two year is Rs.981?
(a) Rs.2,800
(b) Rs.2,500
(c) Rs.3,600
(d) Rs.2,400
ย Answer: B
8. A certain sum amount to Rs.14,641 in 4 years at 10% p.a. , when interest is compounded annually . What will be the amount of the same sum (in Rs) in 3 2/5 years at the same rate at simple interest?
(a) 14,000
(b) 13,600
(c) 13,400
(d) 13,200
Answer: C
9. The simple interest on a sum of money at 10% per annum for 4 years is Rs.3,200 . What will be the amount (in Rs.) of the same sum for the same period at the same rate of interest when the interest is compounded anually ?
(a) 11,172.80
(b) 11,712.80
(c) 11,127.80
(d) 11,217.80
Answer: B
10. A certain sum is deposited for 4 years at a rate of 10% per annum on compound interest compounded annually . The difference between the interest at the end of 2 years and that at the end of 4 year is Rs.5082 . Find the sum (in Rs.)
(a) 20000
(b) 25500
(c) 50820
(d) 10164
Answer: A
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